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APHI, AIM, ALT, APT, CBLI, CODX — Stock Charts to Watch

Charts of the Day video for Wednesday March 11th, 2020


Allied Healthcare Products, Inc. (AHPI), a medical protectives devices company, popped in Feb, coiled, popped the beginning of Mar, formed a falling wedge, and on Wednesday, it snapped back 4.56, or 45%, to a session high of 16.37, before pulling back and closing up 14.74 on 2.6 million shares traded. This may be the beginning of a move. What you want to look for is a retest of 20, and then 24.

AIM ImmunoTech Inc. (AIM) recently popped, exploded, pulled back, and had another inside day on Wednesday. Still, it gained 45 cents, or 12%, to 4.20, after reaching a high of 5.25, on 24 million shares traded. Obviously, you want to watch this one, because anything above what looks like a bull wedge could pop to the 8-9 zone.

Altimmune, Inc. (ALT) continued the pattern as it exploded, pulled back, double-bottomed, and on Wednesday, it broke out, popping 58 cents, or 22.22%, to 3.19, with a session high of 3.79, on 5 million shares traded, and another 3 cents in after-hours. It didn’t close great, but I’m targeting 4, 5, and 5 3/4.

Alpha Pro Tech, Ltd. (APT) also snapped back on Wednesday from a big drop following a huge move, and gained 2.20, or 24%, to 11.41, with a high of 13.50, and another 38 cents, or 3.33%, to 11.79 in after hours, on 13 million shares traded. This may be start of a move to 15, 19, and 21.

Cleveland BioLabs, Inc. (CBLI) also popped on Wednesday, coming off what looks like a wedge pattern, moving up 65 cents, or 26%, to 3.15, with a session high of 3.35, on 748,500 shares traded. If it can get through here, retesting 5, and maybe getting up to 7 or 8 wouldn’t be out of the question.

Co-Diagnostics, Inc. (CODX) made a huge move on Wednesday of 6.29, or 91%, to 13.18, with a session high of 14.50, on 56 million shares traded. The last time it had that kind of volume, it exploded the next day. So, we may see a follow-through on Thursday that would get it up to the 21-22 range.

Stocks on the long side included American Airlines Group Inc. (AAL), The Boeing Company (BA), Allied Healthcare Products, Inc. (AHPI), AIM ImmunoTech Inc. (AIM), Altimmune, Inc. (ALT), Alpha Pro Tech, Ltd. (APT), Cleveland BioLabs, Inc. (CBLI), Co-Diagnostics, Inc. (CODX).

The Direxion Daily Junior Gold Miners Index Bear 3X Shares (JDST), the VelocityShares Daily 2x VIX Short-Term ETN (TVIX), the VIX-X, the ProShares Ultra VIX Short-Term Futures ETF (UVXY), and the Direxion Daily Small Cap Bear 3X Shares (TZA).




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